9961.HK TCOM.US

Online travel agent Trip.com Group Ltd. (9961.HK, TCOM.US) reported its net profit jumped by five times year-on-year to 3.83 billion yuan ($5.38 million) in the second quarter, while its revenue increased 14% to nearly 12.8 billion yuan. It attributed the gains mainly to strong travel demand during the holidays in China.

The company’s revenue rose by an even stronger 20.7% to 24.7 billion yuan in the first half of the year, while its profit for the period doubled to 8.15 billion yuan. The company said it believes that China’s tourism consumption demand is still strong and it is confident that it will continue posting strong results in the future.

By Lau Chi Hang

To subscribe to Bamboo Works free weekly newsletter, click here

Recent Articles

Mininglamp makes marketing software

Mininglamp IPO advances with key regulatory approval

China’s securities regulator has registered the leading marketing software maker’s Hong Kong listing, which could raise more than $100 million Key Takeaways: Mininglamp’s Hong Kong IPO has been approved by…